Sumitomo Seika Chemicals Company, Limited Reports Consolidated Earnings Results for the Fiscal Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019
May 14, 2018
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Sumitomo Seika Chemicals Company, Limited reported consolidated earnings results for the fiscal year ended March 31, 2018. For the year, the company reported net sales of JPY 105,883 million against JPY 98,857 million a year ago. Operating income was JPY 9,734 million against JPY 10,541 million a year ago. Ordinary income was JPY 9,935 million against JPY 10,006 million a year ago. Net income attributable to owners of the parent was JPY 6,698 million against JPY 5,739 million a year ago. Net income per share for the term was JPY 485.70 against JPY 416.16 a year ago. Shareholder return on equity for the term was 10.9% against 10.2% a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2019. For the year, the company expects net sales of JPY 115,000 million, operating income of JPY 9,800 million, ordinary income of JPY 9,900 million, net income attributable to owners of the parent of JPY 6,700 million or JPY 485.78 per share and shareholder return on equity for the term of 10.0%.
Sumitomo Seika Chemicals Company, Limited. is a Japan-based chemical company. The Company operates in three segments. The Chemical Product segment manufactures and sells industrial chemicals, medical products, functional products, water-soluble polymers and fine-grained polymers. The Water Absorbing Resin segment provides super water absorbing resins. The Gas and Engineering segment is engaged in the manufacture and sale of medical gas, chemical gas, standard gas, electronics gas and industrial chemicals, as well as the design, manufacture and sale of pressure swing absorption (PSA) of oxygen/nitrogen/hydrogen gas generators and general chemical engineering equipment, among others.
Sumitomo Seika Chemicals Company, Limited Reports Consolidated Earnings Results for the Fiscal Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019